Point72 Asset Management L.P. Boosts Position in Post Holdings, Inc. (NYSE:POST)

Point72 Asset Management L.P. raised its position in Post Holdings, Inc. (NYSE:POST - Free Report) by 53.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,045,306 shares of the company's stock after purchasing an additional 364,006 shares during the period. Point72 Asset Management L.P. owned 1.80% of Post worth $119,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in shares of Post by 6.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company's stock worth $194,000 after acquiring an additional 103 shares during the last quarter. Savant Capital LLC increased its stake in shares of Post by 3.8% in the 4th quarter. Savant Capital LLC now owns 3,023 shares of the company's stock worth $346,000 after acquiring an additional 110 shares during the last quarter. Truist Financial Corp increased its stake in shares of Post by 4.2% in the 4th quarter. Truist Financial Corp now owns 2,781 shares of the company's stock worth $318,000 after acquiring an additional 113 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Post by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 2,215 shares of the company's stock worth $254,000 after acquiring an additional 152 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Post by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,450 shares of the company's stock worth $738,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company's stock.

Post Trading Up 1.3%

Shares of NYSE:POST traded up $1.42 during midday trading on Friday, reaching $111.83. 491,428 shares of the company's stock were exchanged, compared to its average volume of 551,823. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 18.42 and a beta of 0.50. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64. The firm's 50 day simple moving average is $113.47 and its two-hundred day simple moving average is $112.67. Post Holdings, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $125.84.

Post (NYSE:POST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.23. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. Post had a return on equity of 10.48% and a net margin of 4.94%. Post's revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 EPS. As a group, sell-side analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler raised their price objective on Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on Post from $124.00 to $120.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.

Insider Buying and Selling at Post

In other news, CEO Nicolas Catoggio sold 5,000 shares of Post stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $116.50, for a total value of $582,500.00. Following the completion of the transaction, the chief executive officer now owns 55,501 shares in the company, valued at approximately $6,465,866.50. This trade represents a 8.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Diedre J. Gray sold 15,157 shares of Post stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $115.80, for a total value of $1,755,180.60. Following the completion of the transaction, the chief accounting officer now owns 19,325 shares of the company's stock, valued at $2,237,835. The trade was a 43.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,157 shares of company stock valued at $3,139,361 in the last three months. 11.40% of the stock is owned by corporate insiders.

Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.